Amazon and crypto

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Warning

I am not a financial advisor

This is for education and entertainment only

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Earlier today, I say a headline that says Amazon is referring to crypto. It got me thinking about how this could affect the market and drive up prices like when Musk is tweeting. I think it could be a huge potential. Amazon is the largest online retailer in the United States. According to fortune.com, they posted a job posting for a “Digital Currency and Blockchain Product Manager”. It was after rumors spread that they were starting to base a digital currency for use in its market. Amazon is definitely a leader when it comes to innovation and growing its lead over its competition. In 2013, they launched their own internal “Amazon Coins” coin and in 2017, three cryptocurrency addresses.

An Amazon spokesperson said they were inspired by innovation in the cryptocurrency space and wanted to explore what that might do on Amazon. Amazon believes the future will be built on quick and inexpensive payments and hopes to bring that to them.

Other companies have also researched or supported cryptocurrencies such as Apple and Facebook. With companies and countries looking to rely on blockchains and cryptos, who knows what the future will bring and the effect it will have on the markets …

If you want to read more of the full story, the links are below. I just wanted to help spread the good news.

Thanks for stopping by and good luck in the markets !!!

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